Nevada Revised Statutes 485.280 – Return of deposit
Current as of: 2023 | Check for updates
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A deposit or any balance thereof must be returned to the depositor or his or her personal representative:
Terms Used In Nevada Revised Statutes 485.280
- Department: means the Department of Motor Vehicles. See Nevada Revised Statutes 481.015
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
1. When evidence satisfactory to the Department has been filed with it that there has been a release from liability, a final adjudication of nonliability or an acknowledged agreement, in accordance with paragraph (h) of subsection 1 of NRS 485.200; or
2. If 2 years after the date of the crash or 1 year after the date of deposit of any security under NRS 485.230, whichever period is longer, the Department is given reasonable evidence that there is no action pending and no judgment rendered in such an action left unpaid.